Accounting for Management Decision-Making
November 13, 2023 - November 23, 2023
Schedule via Zoom:
November 13, 15, 16, 20, 22 & 23, 2023
Mondays, Wednesdays & Thursdays
5:30 - 9:00 pm
Early Eagle Rate:
October 29, 2023
In this course offering, the analysis and reporting of accounting information is examined from the perspective of effective management decision-making with special emphasis on the planning and control responsibilities of practicing managers. It deals with the diverse processes involved in solving practical and potential business problems of short, medium, and long-range character as revealed and inferred from historical accounting and financial data and information.
This course offering will also allow the participants to apply all the concepts they have learned from the entire online sessions of the program. This is by creating a brief report of a particular real-world subject company from a context of the impact of the ongoing pandemic to business operations. The report is intended to be an additional concepts and application tool for the participants.
Who should attend
The professionals who will most benefit from the course are marketing and sales managers and all those who set profit targets. Also for entrepreneurs, manufacturers, and all units that generate revenues.
After the course, you will:
- Formulate models, statements, and tables with the use of accounting and financial data for sound business decisions;
- Develop the ability to integrate various accounting and financial tools and techniques for maintaining sound operating performance and stable financial position for the firm;
- Appreciate the powerful features of cost and revenue accounting and related financial tools in any type or form of business organization;
- Understand and appreciate how an organization’s accounting process is integrated into well-defined planning and control systems; and
- Apply the various techniques in evaluating and ranking capital investment projects.
I. Managerial accounting: An overview and introduction
A. Importance and objectives
B. Financial vs. managerial accounting
C. Accounting’s management functions
II. Understanding costs
A. Basic decision concepts
B. Cost terms, concepts, classifications
- For financial reporting purposes
- For predicting cost behaviors
- For assignment to cost objects
- For decision-making purposes
C. Cost accumulation: job order vs. process costing
III. Managerial accounting: Planning focus
A. Cost behavior: Analysis and use
B. Cost-volume-profit relationships
C. Variable costing
D. Financial planning
IV. Managerial accounting: Control focus
A. Standard costs
B. Flexible budgets
C. Relevant costs for decision-making
D. Segment reporting and balanced scorecard
V. Special topics (as time permits)
A. Regression analysis
B. Financial statement analysis
C. Cash flow analysis
D. Capital budgeting
Mr. Gavin Lee is facilitator at the Ateneo Graduate School of Business-Center for Continuing Education. He is also an Assistant Professor at the Cesar E.A. Virata School of Business (VSB) (formerly College of Business Administration) at the University of the Philippines – Diliman where he teaches Accounting and Finance. He has conducted numerous seminars and trainings for various institutions, including the Philippine Stock Exchange (PSE), Philippine Institute of Certified Public Accountants (PICPA), Institute of Internal Auditors – Philippines (IIA-P), and the Ateneo Center for Continuing Education (CCE).
Aside from his involvement with educational activities, Gavin is an Adviser at Unicapital Securities, Inc. for Equity Research. He is also a Director at Dearest, an online jewelry company that focuses on custom-made wedding rings and engagement rings, and an Adviser for TripZeeker, an online bazaar of travel experiences, activities, and tours that connects travelers with multiple tour operators across the globe.
Mr. Lee holds a Bachelor of Science degree in Business Administration and Accountancy and a Master of Science degree in Finance from the VSB at the University of the Philippines – Diliman.
He also holds the following professional certifications: Certified Public Accountant (CPA) – Philippines, Certified Internal Auditor (CIA ®), and Chartered Financial Analyst (CFA ®).